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Suppose youve been offered an investment contract paying you $125 per month for the next 7 years based on an investment made today at 8%.

Suppose youve been offered an investment contract paying you $125 per month for the next 7 years based on an investment made today at 8%. How much would you expect to pay for this contract? Your answer should be expressed in decimal form extended to two places to the right of the decimal point

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